Take advantage of our full suite of automated fraud protection tools, including positive pay, ACH block and filters, and multi-factor authentication.
No need to waste time on account reconcilement. With Positive Pay, checks presented for payment to the bank are verified against an electronic list you provide to us.
- Be proactive in protecting your business from fraud
- Provide us with an electronic file from your system listing the following:
- Check number
- Amount of each check issued
- When checks are presented on your account, they are verified against the file you provided
- If the amount of the check is different from what you provided, it shows up as an exception through online banking
- You then have the options to pay or return the check
Protect your account from electronic fraud by utilizing ACH Blocks or Filters. This service provides an essential added layer of security towards safeguarding your assets by automatically blocking or filtering out unauthorized ACH transactions. You can either block all incoming debits with ACH blocks, or designate a list of authorized debits/credits with filters. If the ACH Originator is not on the authorized list you provide, we will return unwarranted transactions.
Multifactor Authentication protects your business from online predators by requiring multiple pieces of information to validate identity while supporting compliance with regulatory requirements. Multifactor Authentication automatically monitors accounts for unusual activity based on account history and requires all users to verify their identities by answering pre-selected challenge questions if unusual activity is detected. An optional module allows you to select from a library of images that can be displayed upon log-in to further verify that they are connected to First Citizen’s legitimate website rather than a fraudulent copycat site.
Corporate Account Takeover (CATO) is an electronic crime in which cyber thieves gain control of a business bank account by stealing valid online banking credentials or by hijacking browser sessions. Once cyber thieves gain access to an account, they can conduct unauthorized ACH and wire transactions, change contact information, change online account settings, and gather knowledge to commit other crimes. Municipalities, school districts, non-profits, corporations, and small businesses are potential targets. Businesses across the United States have suffered large financial losses due to CATO. Businesses with limited computer safeguards and disbursement controls are especially vulnerable. Please see the resources on this page to learn more about Corporate Account Takeover and how you can mitigate the risk of this crime.
ACH Positive Pay protects your ACH debit and credit transactions and helps you manage payments to and from your business accounts. You can review transactions scheduled to post and prevent unauthorized transactions from being processed in order to protect your business against fraudulent charges. When setting up ACH Positive Pay, you will establish guidelines for authorized payments to compare future incoming and outgoing transactions. If a transaction does not fall within these authorized guidelines, you can review and cancel or clear a transaction before it posts.